The Dangote Group has responded to a report claiming that its refinery will sell Premium Motor Spirit (PMS), also known as petrol, at N897 per litre.
Thank you for reading this post, don't forget to subscribe!In a statement shared on the Dangote Group’s official X handle on Thursday, the company clarified that the price of petrol has not yet been determined. They also mentioned that they have not finalized a contract with the Nigerian National Petroleum Corporation (NNPC).…..For More READ THE FULL ARTICLE HERE ▶▶
The statement reads:
“Our attention has been drawn to a headline, ‘NNPC lifts Dangote Petrol, sells at N897 per litre,’ published in the Business Day Newspaper on Wednesday, September 4, 2024. We would like to clarify that the NNPC has not begun lifting refined Premium Motor Spirit (PMS), commonly known as petrol, from our Dangote Petroleum Refinery. Therefore, setting a price for petrol from our refinery does not apply, as we are yet to finalize our contract with NNPC. It’s important to note that the PMS market is strictly regulated, a fact well known by all oil marketers and stakeholders in the industry.”
